An anonymous director reports

GLOBAL COMPLIANCE APPLICATIONS CORP. ANNOUNCES UNIT FINANCING AND DEBT SETTLEMENT

Global Compliance Applications Corp. intends to complete a non-brokered private placement of up to 500,000 units of the company at a price of two cents per unit for gross proceeds of up to $10,000. Additionally, the company will be settling an aggregate of $163,940 in debt owed by the company to six creditors through the distribution of 8,197,000 units at a deemed price of two cents per unit. Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of five cents per warrant share for a period of 24 months from the date of distribution.

The company intends to use the net proceeds from the offering for general working capital purposes. Closing of the offering is expected to occur as soon as practicable and may occur in one or more tranches.

All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. It is anticipated that 5,447,000 units issued in connection with the debt settlement will be issued pursuant to the employee, executive officer, director and consultant exemption set forth in Section 2.24 of National Instrument 45-106 -- Prospectus Exemptions, and as a result, such securities will not be subject to a hold period under the prevailing Canadian securities laws. However, the shares, warrants and warrant shares, if applicable, comprising the remaining 2.75 million settlement units are subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

About Global Compliance Applications Corp.

Global Compliance Applications is a global leader in designing and developing innovative blockchain technologies and machine-learning solutions to improve real-world businesses. Global Compliance Applications's leading solution is Efixii, an ethereum Layer 2 blockchain and EVM (ethereum virtual machine) programming functionality that is on par with other Layer 2s, such as Polygon. Global Compliance Applications can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales.

Global Compliance Applications created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (environmental, social and governance) merit badges.

As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product's value, or truthness, through a reward program.

Global Compliance Applications works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS (software-as-a-service) licensing model.

We seek Safe Harbor.